Well it won't hurt their revenues as such because their revenues as management fees from the infrastructure funds are not much affected by declining market values for them.
The loss in valuation of Macquarie's own equity stakes in the funds are not a loss of revenue as such.
Macquarie does lose money on the out-performance fees which they won't be getting.
But they will make extra money on fees for restructurings.
is macquarie a sinking titanic..., page-2
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